HOME OF HOPE

We recently had the special privilege to make a donation to a local home that performs an amazing, generous and much needed service to our Tableview community.  The Home of Hope  establishment aims to protect, educate and support abandoned, abused, neglected and HIV infected children.  They are a registered Child Protection Organization with the goal to break the cycle of abuse.

They are a light on the hill that hopes to teach our children that if they live with security they learn to have faith.  If children live with approval they learn to have confidence and to like themselves.  If children live with acceptance and friendship they learn to find love in the world.

At Home of Hope they are constantly trying to create and reinforce a positive environment so that our children can learn these invaluable lessons and experience the love they so desperately deserve. 

Their mission is:

• Care for and support children in community based foster homes. 
• Raise awareness through information and education of the plights and needs of children. 
• Provide special needs education for FASD and neurologically challenged children who are not coping in conventional schools. 
• Create an environment where children can be nurtured holistically to develop to their full God given potential. 
• Partner and network with relevant stakeholders, other organizations, businesses and individuals to be more effective in creating a brighter future for these children and families in need. 
• Cultivate a shared responsibility with relevant stakeholders and the community towards the continually changing socio-economic problems which affect children. 
• Define the specific needs of each community, and ensure the correct application and division of supplies to enrich and assist that community in achieving their own goals (Robin Hood Principle). 
• Continue to build a credible and sustainable support operation through transparency, honesty and accountability, within a framework of Christian ethics and principles.

Not only do they support their own children and foster homes, but they also pass on surplus donations to other NGO's and households in poverty pockets.  If you would like to support them in any way, here's their wishlist.  You can also sponsor a child, volunteer or get involved in their buddy system. 

CC PROPERTY HANDED OVER TO STATE

ANNUAL RETURNS NOT FILED, CC DE-REGISTERED AND PROPERTY GOES TO THE STATE

Outstanding paperwork can carry hefty consequences! STBB recently released this case summary...

The case summary pertains to: ABSA Bank Ltd v Companies and Intellectual Property Commission of South Africa and Others, ABSA Bank Ltd v Voigro Investment 19 CC (8250/12, 6601/2012) [2012] ZAWCHC 182 (14 November 2012)

Both the old and the new Companies Acts, read with the Close Corporation Act, provide for the deregistration of corporations that fail to file annual returns. One consequence is that a CC’s assets, including its immovable property, become bona vacantia and vested in the state. 

However, unlike before, there is no express provision for the reinstatement of a deregistered company by way of an application to Court. The holder of the bond over such property will need to apply to the Commission and provide the necessary CC’s outstanding information before reinstatement can be achieved.

The full Judgment may be viewed here.

FACTS
Absa obtained default judgment against Voigro Investments 19 CC (‘the CC’) in respect of a mortgage debt, and, on 13 December 2011, caused the mortgaged property to be attached in execution.

SIGNING INTO AN OWNERS ASSOCIATION?

AGREEING TO BECOME A MEMBER OF THE OWNERS ASSOCIATION HAS CONSEQUENCES

In a recent case summary compiled by STBB, a purchaser was not happy to pay the same levies as everyone else due to the benefits that he felt he was not receiving. It’s an interesting read and holds fair warning to those about to purchase within a membership of an owners association.

The case is: Kingsmead Office Park Owners Association v Shasri Investments CC [2012] JOL 29586 (KZD)

Where a purchaser agrees in a sale agreement to be bound to the provisions of an owners association, he cannot later on refuse to pay levies merely because his property receives less benefit from the communal benefits (such as fencing and garden areas) than other owners. This is because he is contractually bound to comply with the association's rules and regulations.